Topic
Case study · 실제 사례
- Selling a Korean Apartment and Moving the Money to Australia — Citizens vs PRs
When you sell a Korean apartment to bring funds to Australia, what stalls deals is paperwork, not tax. PRs (overseas nationals) and citizens (foreign nationals) need different documents, and in practice apostille has become the standard. Moving the proceeds isn't taxed in Australia — but if you're a resident, the capital gain must be reported.
- If Australia's 50% CGT discount disappears — when should a returning migrant sell?
Australia gives a 50% CGT discount on assets held over a year. The government is weighing a switch to indexation, but nothing is final. For someone returning to Korea, the rate matters less than the timing of the sale — and the key variable is Korea's '5-year rule': if you've been back under five years, gains on overseas assets are less likely to be taxed in Korea.